US housing law takes effect with investor limits, factory-home push
Why it matters: The law aims to ease a roughly 4 million-home shortage, but experts say lower costs may take years to reach buyers.
Subject
#National Association Of Realtors
US June home sales fell 2.4% as median price hit record $440,600
Why it matters: high mortgage rates and thin supply are keeping affordability tight even as first-time buyers made up 33% of purchases.
CNBC, PBS NewsHour +1
US existing home sales rose 3.2% in May to a 4.17 million pace
Why it matters: Inventory stayed tight at a 4.5-month supply, pushing the median price to a record $429,300 for May.